Introduce foreign trusts for comments.

Introduction to the operation of foreign real estate asset securitization

Real estate securitization

Informatization) refers to the transformation of investment in real estate into securities, so that the real right relationship between investors and the subject matter of real estate investment can be transformed into the form of debt securities. Broadly speaking, real estate securitization can be divided into the following four forms.

1. Real estate enterprises carry out joint-stock operation, including directly or indirectly becoming real estate listed companies, combining general real estate enterprises with securities, and also including general listed companies entering the real estate industry through acquisition, merger and holding investment in real estate enterprises, combining listed companies with real estate industry.

Step 2 take it

fund

There are four forms of securitization. The first is the consumption fund, which collects housing funds for residents and accumulates housing consumption funds. The second type is investment fund, which collects investors' funds to invest in real estate. Such funds are generally not directly engaged in the development of specific real estate projects; The third is the asset operation fund, which is based on real estate investment T.

Ust, REIT) as the representative, that is, it does not carry out project investment activities, but directly manages real estate assets and generates economic benefits as a fund return; Fourth, there are still funds with interests but not represented by securitization in reality. They only need to express their rights and interests in the form of securities. ...